Raymond James Puts Killgoar in Charge of “Client Experience” On Wall Street | Thursday, August 19, 2010 Tim Killgoar joined Raymond James Financial two years ago as an assistant to Tom James, the current chariman and former chief executive officer. In his new role, Killgoar will focus on several strategic initiatives aimed at improving money management processes for retail investor clients, and the financial advisors that they work with.
Raymond James Advisors Post Strong Sales, Income Investment Advisor | Thursday, July 22, 2010 Raymond James Financial met earnings expectations on Wednesday, July 21, and beat revenue estimates on strong performance in its private-client operations. “The Private Client Group results were largely driven by past (’08-’09) recruiting success,” said CEO Paul Reilly. “That’s the real story of the quarter.” Though the recruiting environment has cooled off from where it was 18 months ago, “It remains a good recruiting environment,” said COO Chet Helck, head of the PCG.
Raymond James Wants More Financial Advisors Financial Advisor | Friday, June 04, 2010 Paul Reilly, the financial-services firm’s new chief executive, said Raymond James Financial Inc.’s private client group has less than a 3% share of registered investment advisor assets, and he sees tremendous opportunity for growth there. The goal for its private client group is to continue with 15% growth per year—half through recruiting and half through production, Reilly said at the Sandler O’Neill Global Exchange and Brokerage Conference.
Thirty for Thirty Investment Advisor | Tuesday, May 04, 2010 Chairman of the board and former CEO Tom James was named to Investment Advisor’s list of the 30 most influential individuals in and around the planning profession over the last three decades.
40 Years of Tom James Financial Planning | Saturday, May 01, 2010 After 40 years at the helm of Raymond James, Tom James reflects back as he prepares to welcome Paul Reilly as CEO. This feature story in a special 40th Anniversary issue includes comments from COO Chet Helck, Tom James and Paul Reilly as they discuss the past, present and future of the company.
Looking back Investment News | Monday, April 26, 2010 Chairman of the board Tom James talks about changes at Raymond James and in the financial advisory industry over the past 40 years as he prepares to step down as CEO.
Profits Surge at Raymond James On Wall Street | Thursday, April 22, 2010 Raymond James reported that second quarter earnings rose to $55.6 million, or 45 cents a share, from $6.1 million, or a nickel per share, a year earlier. Net revenue increased 26% to $734.4 million and total revenue rose 27% to $750 million. Analysts had expected a profit of 42 cents per share on $703 million of revenue. Analysts said they expect assets to increase as Raymond James continues to attract top advisors from competitors.
Paul Reilly to Replace Tom James as Raymond James CEO on May 1 InvestmentAdvisor.com | Monday, February 22, 2010 The board of Raymond James Financial confirmed that Paul Reilly will succeed Tom James as CEO on May 1, as was first announced by the company in March 2009; Reilly became president of the company in May 2009. The board also declared a quarterly cash dividend of $0.11/common share, marking the 25th consecutive year that Raymond James has paid a dividend.
Raymond James: Recruiting Wirehouse and Other Advisors with $1 Billion in Total AUM Research-Mag.com | Sunday, February 14, 2010 “Recruiting for both traditional employees and independent contractors has certainly slowed from the record levels of early 2009,” says Chet Helck, Raymond James COO and head of the firm’s private client group. “But we are still attracting top tier advisors who recognize that Raymond James is a stable firm, where they can put their clients’ interests first, own their own book of business, access superior resources and research, all while receiving the highest levels of client service.”
Ex-Smith Barney Branch Manager Goes Independent with Raymond James OnWallStreet.com | Monday, December 14, 2009 After spending 28 years working at wirehouses, Glenn Fischer said he was ready for a change, but he certainly didn’t want to change everything. What’s more, he wanted to be bigger than everyone else in the independent channel. “After working at the wirehouses for my entire career, I thought that there must be a better way to do business,” he said. “The wirehouse environment provides a lot of products, services and resources that are difficult for the independent business model to compete with, but by working with Raymond James I am hoping to find a happy medium and be able to provide the best of both worlds.”
Investment News 20 of 2010 – Broker dealers: Paul Reilly Investment News | Monday, December 14, 2009 The Investment News 20 is a group of people who will have a big influence on the financial services industry in 2010. Advisers think Paul Reilly, who will take the reins of Raymond James Financial Inc. from chief executive Tom James this spring, has the background to keep the firm on the path of steady growth.
Raymond James adviser: ‘We owe it to our clients’ Tribune Business Weekly | Monday, December 07, 2009 A group of financial advisers from a giant national firm moved to Raymond James in September. The move reflects a national trend to smaller organizations by financial experts who deal mostly with individuals, says David Niswonger, an investment manager who had been with the other firm for 25 years. “We felt a growing distance between where they were going and how that impacted the individual client world we work in.”
Slow and Steady Wins the Race for Financial Adviser Firms Wall St. Journal/FINS.com | Monday, November 09, 2009 Finance firms are hiring financial advisers and wealth managers in droves. Lack of exposure to toxic debt and solid financials is making Raymond James an appealing partner for both investors and advisers. “Last year, highly respected places saw their financial credibility being questioned,” said Chet Helck, COO of Raymond James. “That put a lot of financial advisers in mode of looking around, looking at their options. We didn’t have the exposure to subprime issues. We didn’t have to take government assistance.”
Raymond James Recruits 750-Plus Financial Advisors Research-Mag.com | Monday, November 09, 2009 Raymond James Financial says its two broker-dealers hired over 750 veteran financial advisors with more than $35 billion in assets and over $250 million in historical gross revenue in the fiscal year ended September 30, 2009.
Raymond James Tops Boomer Market Advisor Boomer Market Advisor | Tuesday, November 03, 2009 Raymond James was named the 2009 Broker/Dealer Excellence Award winner in the Large Independent Broker/Dealer category for the second consecutive year.
RJFS raises minimums for new RIAs Registered Rep | Thursday, October 29, 2009 Raymond James is raising minimums for new RIAs who want to custody assets on its RJFS-IAD platform from $30 million to $50 million. The firm said the move will both help it cut the cost of serving RIAs and also act as a draw for bigger RIAs, who tend to want to work with other RIAs of similar size.
Passing the Torch at Raymond James Florida Trend | Thursday, October 01, 2009 Leadership transitions are high-stakes affairs. In hiring his own replacement, Tom James has adopted a phased-in succession. As James prepares to pass the torch to Paul Reilly, he’s created a more gradual succession plan that takes into consideration the fact that Reilly hasn’t grown up in the company’s culture.
Raymond James Hiring Advisors to Offset Asset Losses Financial-Planning.com | Wednesday, September 16, 2009 Chet Helck, the chief operating officer of its private client group, said assets under management at Raymond James have declined at “less than half” of the global rate in the past year because the assets brought by the new advisors have helped offset losses. “We have had our most successful year in terms of attracting and retaining financial advisors,” he said.
Three High-Producing Advisor Teams Join Raymond James OnWallStreet.com | Monday, September 14, 2009 Three financial advisory teams, which had a combined $4.25 million in revenue, have joined the independent broker-dealer subsidiary of Raymond James Financial.
Career Moves: The Call of Independence Registered Rep | Thursday, September 03, 2009 Wirehouse reps are increasingly looking beyond Wall Street firms these days. The proportion of wirehouse advisors switching to another has fallen steadily over the past year, while the number going to independent b/ds and RIAs, as well as to regionals like Raymond James, has risen, according to data from Discovery.
